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7 | Thursday July 1 3, 2 0 1 7 | OAKVILLE BEAVER | w w w .insidehalton.com New real estate measures credited continued from p.5 "On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016." A lack of supply has been credited as a factor for increasing prices. N ew listings have indeed spiked in Halton in recent months with 1,876 new listings in June compared to 1,430 the same time last year. Once again, though, that' s down significantly month-over-month. N ew Halton listings in May 2017 spiked to 2,316 from just 1,268 in 2016. That represented a staggering 82 per cent year-over-year increase in new listings in May compared to just 31 per cent year-over-year last month. Supply no longer appears to be an issue. However, a recent study released by the Fraser Institute Wednesday (July 5) has added more fuel to the bubble fear fire. Phillip Cross, w ho worked for Statistics Canada for 36 years, authored the study and claims any large correction in the GTA housing market could have serious negative effects on the province' s econom y at large. "The appearance of what is increasingly viewed by analysts as a bubble in prices raises the prospect of a crash in the future when prices return to more normal levels," wrote Cross in his analysis. "N ot only w ould this remove a major prop On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016. Jason Mercer Toronto Real Estate Board to Ontario' s economy, it would mean many households acquired heavy debt loads for an asset that may become less valuable than the debt incurred to acquire it." "With weak business investment and sluggish manufacturing exports, Ontario is increasingly dependent on the housing market, especially that in the Greater Toronto Area, to sustain its economic growth and government revenues. Ontario' s econom y is vulnerable to a reversal in this market, which has contributed over one quarter of all income growth in the past year," he added. Only time will tell if recent drop in prices and sales reflects a normal market correction or the beginning of the end of a housing bubble in the GTA. One thing is certain though -- dwellings bought in Halton Region between February and May of 2017 are worth significantly less today. Finally a hearing aid that allows you to hear in all directions! This latest digital technology solves the biggest challenge for hearing aid wearers - hearing well in noisy environments. Traditional hearing aids only allow the wearer to hear in one direction, which can make it difficult to hear in a public setting like a restaurant. Now with this new breakthrough technology, the wearer can enjoy a dynamic soundscape and differentiate between speech and noise. Nobody will notice it because of its minute size, fitting snugly and comfortably just behind the ear. Everything works automatically, so you can get back to enjoyingyour relationships, ratherthan thinking aboutyour hearing. LIM ITE D T IM E IN T R O D U C T O R Y OFFER SAVE $ 5 0 0 OFF th e purchase o f these s ta te -o f-th e -a rt hearing aids! CALL N O W - Book your FREE, no obligation ap p o in tm e n t today a t th e clinic below! Bronte 2419 Marine Dr Call toll-free at 1-888-519-8814 Hearing Sciences A udiology and H earing Aid C en tre TR U STED PA RTNER OF PARTNER CFappreciation ca BLUE/ ADVANTAGE CAN A DA 150 &QCC Advantage M IL T O N 238 Main Street, East · 9 0 5 . 8 7 8 . 4 6 0 6 M IS S IS S A U G A 2150 Burnhamthorpe Road · 9 0 5 .5 4 2 .0 4 8 1 H O U R S : M o n d a y -W e d n e s d a y 1 0 a m - 6 p m ^ T h u rs d a y - F rid a y 1 0 a m - 8 p m * S a tu rd a y 9 a m - 6 p m · S u n d a y 1 1 a m - 5 p m This limited-time offer applies to A D P and private sales of select models of hearing aids and is subject to change without notice. Price is listed per device with discount and grant applied. Some conditions may apply. Please see clinic for details. Expires 07/31/17. L im it one use per customer per year. H earing tests are provided free of charge for adults ages 18and older.Offer not valid in Quebec. HS Promo Code: NSP-500-OAKB